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Govt inks Sh7bn China loan for airborne mineral survey

An earthmover scoops raw material for crushing at the stock pile section, at Kenya Fluorspar Company Limited, in Elgeyo-Marakwet County. PHOTO | JARED NYATAYA | NMG

By  Bonface Otieno

Nation Media Group

Business Reporter

The government has signed a Sh7 billion loan agreement with the Exim Bank of China, to fund an airborne mapping project of Kenya's mineral resources.

This follows the signing of the government-to-government framework agreement in July by the National Treasury Cabinet Secretary Henry Rotich.

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